GOOG Sliding With Markets Stocks tanked in early trading on Tuesday on Alcoa's disappointing earnings and on news that Japan's nuclear crisis has worsened and is currently at Chernobyl levels. Shares of Google are off about 1.20% in the negative. Upcoming catalysts include first quarter 2011 financial results released Thursday, April 14 at 4:30 p.m. Eastern Time; continued Android momentum; regaining ground in China and pushing into other emerging markets; updated software, adoption and media partners for Google TV; and progress in other newer initiatives (+1, location-based services, mapping, gaming, etc.). The stock trades at approximately 14x Enterprise Value / EBIT, inexpensive relative to historical trading levels and the broader Internet group.

Google Invests In More Clean Energy Companies (VentureBeat) Google invests in some profoundly weird companies. Recently, the company invested $168 million in a new solar energy power plant being developed by BrightSource Energy in the Mojave Desert. The heat from the concentrated sunlight turns water into steam which is piped to a turbine to generate electricity. Google also recently invested $5 million in a German solar plant bringing total invested in clean energy sources to $250 million to date.

Google Can Proceed With Purchase Of ITA Software Under Conditions (Redmondmag) The U.S. Department of Justice announced that it conditionally approved Google's acquisition bid for ITA Software. Google will be compelled to continue licensing ITA's QPX software to Websites "on commercially reasonable terms." Google also will have to fund continuing R&D costs and develop ITA's next-generation InstaSearch product (currently not available yet). Lastly, Google will have to set up a firewall to restrict its use of commercially sensitive information gleaned through the ITA software. It also can't restrict airline-provided booking and seating information from reaching competitors. Read more at Business Insider.

New Droid To Be A Global Phone (Engadget) The imminent HTC Droid Incredible 2 had its world roaming support backed up by a new staff memo detailing some of the new features. The Android 2.2 leader is now known to have "global capability" that will talk to GSM networks in North America and the world when not on Verizon's CDMA, supporting global roaming for "more than 220 voice and 200 data services countries."